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businessnews24bd.com Banking sector showed rising capital strength with a weighted average core capital adequacy ratio of 10.68 percent at the end of June. The level of capital adequacy was well above the 8.0 percent risk-weighted assets, stipulated in the Basel-II regulations. The latest Bangladesh Bank (BB) data showed the capital requirement that banks should maintain as a regulatory obligation was ... Read More »

Citi roadshow on Electronic Fund Transfer begins Tuesday

businessnews24bd.com Citibank, N.A. Bangladesh is going to organize a roadshow on Electronic Fund Transfer (EFT) across Bangladesh. Bangladesh Bank (BB) Deputy Governor Nazneen Sultana will inaugurate the roadshow on Tuesday at a city hotel. Following the inaugural session, Noel Saminathan, Managing Director and Head of Cash Product, Southeast Asia, Citi will conduct a work session on “Electronic Payment Development in ... Read More »

What ails India’s banking sector?

hindustantimes.com Two dramatic events have shaken up the Indian banking system this month: on August 2, the Central Bureau of Investigation (CBI) arrested the chairman and managing director of Syndicate Bank for allegedly accepting a bribe to enhance the credit limit of a private company. Then, on August 20, the finance ministry ordered forensic audits of the Oriental Bank of ... Read More »

HSBC boss in ‘capital flight’ claim

BBC online Uncertainty over an independent Scotland’s currency could lead to “capital flight” from the country, the chairman of HSBC has claimed. Writing in the Telegraph, Douglas Flint said supporters of independence were “advocating a giant step into economic uncertainty”. Mr Flint donated £25,000 to the Better Together campaign last year. Yes Scotland argued that a currency union was in ... Read More »

Poor to get Tk 200cr soft loans without collateral

BB signs deal with 10 banks businessnews24bd.com Bangladesh Bank on Thursday signed a memorandum of understanding (MoU) with 10 commercial banks to provide bank loans to Tk 10 account holders. As per the deal, the central bank will provide Tk 110 crore to the 10 banks at 5 per cent interest. The banks will then lend the money to their ... Read More »

BD decides to join BRICS Bank: Muhith

businessnews24bd.com Finance Minister Abul Maal Abdul Muhith has said Bangladesh has decided to join BRICS Development Bank, a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund. After a meeting with visiting Asian Development Bank (ADB) vice-president (Private Sector and Co-financing ... Read More »

BB to pay tribute to two eminent economists tomorrow

businessnews24bd.com With conferring Bangladesh Bank Award 2013, the central bank at a programme Wednesday is paying its highest tribute to two eminent economists for their lifetime and distinct contribution to the economy and the development of the country. The central bank is arranging the august event at its training centre at Mirpur in the city to confer its top award ... Read More »

Economists divided over BB’s favour to cheap foreign credit

Economists have appeared divided over Bangladesh Bank’s allowing private sector to borrow cheap foreign loans. They exposed the division while speaking at a discussion on July-December monetary policy yesterday. Some discussants said such type of foreign loan is alarming for the country’s financial market while others said it is important to be competitive in the global market for the private ... Read More »

SB asked to settle inland bill payments or face action

businessnews24bd.com Bangladesh Bank Governor Dr Atiur Rahman on Thursday said the central bank will go tough against Sonali Bank if it fails to settle its inland bill payments (IBP) with other banks, reports a news agency. “We’ve asked Sonali Bank to resolve its IBP issues with other banks within September next,” he said while addressing a seminar on monetary policy ... Read More »

NBFIs must take CIB reports about directors to open new branches

businessnews24bd.com Bangladesh Bank Governor Dr Atiur Rahman Tuesday said non-banking  financial institutions (NBFIs) must submit reports of Credit Information Bureau (CIB) about their directors for opening of new branches. “It is mandatory for NBFIs to take CIB reports about their directors for opening of new branches,” the governor said while addressing a meeting of chief executives of FIs at the ... Read More »

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